India Guar Gum Market Size & Share, by Grade (Food Grade, Industrial Grade, Pharmaceutical Grade); Form (Solution/Liquid Gaur Gum, Gaur Gum Powder); Function (Thickening, Gelling, Agent), End Use. {Oil & Gas (Oil Well Drilling, Fracturing), Food & Beverages (Bakery & Confectionery Products, Dairy & Frozen Products, Sauces & Dressings), Mining & Explosives, Paper Manufacturing)} - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4710
  • Published Date: Feb 22, 2023
  • Report Format: PDF, PPT

India Guar Gum Market TOC

  1. An Outline of the Guar Gum Market
    1. Market Definition
    2. Market segmentation
  2. Assumptions and Abbreviations
  3. Research methodology
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. End Users
    3. Secondary Research
    4. Market Size Estimation
  4. Summary of the Report for Key Decision Makers
  5. Forces of the Market Constituents
    1. Factors/Drivers Impacting the Growth of the Market
    2. Market Trends for Better Business Practices
  6. Key Market Opportunities for Business Growth
    1. Based on the Grade
    2. Based on the Form
    3. Based on the Function
    4. Based on the End-Use Industry
  7. Major Roadblocks for the Market Growth
  8. Decarbonization Strategy and Carbon Credit Benefits for Market Players
  9. Government Regulation: How they would aid business?
  10. Industry Risk Analysis
  11. Impact of COVID-19 on India Guar Gum Market
  12. Industry Pricing Benchmarking & Analysis
  13. Trend Analysis in Modification of Guar Gum
  14. Trade Outlook
  15. Industry Growth Outlook w.r.t. Grade
  16. Industry Supply Chain Analysis
  17. Functional Analysis
  18. End User Analysis
  19. Competitive Positioning: Strategies to differentiate a company from its competitors
  20. Competitive Model: A Detailed Inside View for Investors
    1. Market share of major companies profiled, 2022
    2. Business Profiles of Key Enterprises
      1. Nuevo Polymers Pvt. Ltd.
      2. Hindustan Gum & Chemicals Limited (Hichem)
      3. Vikas WSP Limited
      4. Vasundhara Gums and Chemicals
      5. Sunita Hydrocolloids Pvt. Ltd.
      6. Lotus Gums & Chemicals
      7. Rama Gum Industries Limited
      8. Dabur India Ltd
      9. India Glycols Limited
      10. Neelkanth Polymers
      11. Premcem Gums Pvt. Ltd.
      12. Jai Bharat Gum & Chemical Ltd.
      13. Chimique India Ltd.
  21. India Guar Gum Market Outlook & Projections, Opportunity Assessment, 2022 to 2033
    1. Market Overview
    2. Market by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Market by Volume (Metric Tons) and Compound Annual Growth Rate (CAGR)
      1. By Grade
        1. Food Grade, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        2. Industrial Grade, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        3. Pharmaceutical Grade, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
      2. By Form
        1. Solution/Liquid Guar Gum, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        2. Guar Gum Powder, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
      3. By Function
        1. Thickening, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        2. Gelling Agent, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        3. Binding, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        4. Emulsification, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        5. Friction Reducer, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        6. Stabilizer, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        7. Others, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
      4. By End-use Industry
        1. Sub-segmented by Oil & Gas, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
          1. Oil Well Drilling, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
          2. Fracturing, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        2. Sub-segmented by Food & Beverages, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
          1. Bakery & Confectionery Products, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
          2. Dairy & Frozen Products, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
          3. Sauces & Dressings, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
          4. Others, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        3. Mining & Explosives, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        4. Paper Manufacturing, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        5. Pharmaceuticals & Cosmetics, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
        6. Others, Market Value (USD Million), Market Volume (Metric Tons), CAGR, 2023-2033F
  22. Cross Analysis of Grade w.r.t. End-use Industry (USD Million/Metric Tons), 2022

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

India Guar Gum Market size is expected to reach USD 118.72 Million by the end of 2033, by growing at a CAGR of 7.72% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of India guar gum was USD 53.27 Million. The growth of the market can be attributed to growing demand for convenience food owing to the growing working population in India. Additionally, rising population, rising disposable incomes, rural-urban migration, and increased rural per capita productivity have resulted in significant shifts in food consumption preferences and production patterns in India. Further, drive-through restaurants, takeout food, microwave dinners, grocery delivery to the home, and internet shopping are all growing in popularity, which has an impact on the sale of convenience foods. About 80% of customers who use delivery apps to purchase food claim to do so out of convenience. Another, approximately 13% claimed it was owing to the discounts these applications offered, while about 4% cited a better selection. Hence the demand for convenience food is estimated to increase further, boosting the growth of the market.

Additionally, the uses of guar gum are also growing in oil and gas industry. Guar gum's application in hydraulic fracturing, the process of using high pressure to fracture rock, to stimulate oil and gas wells, has given it significant commercial importance presently. Sand could be carried into fractured rock by the fracturing fluid becoming thicker owing to guar gum. Sand is present in this fracture, keeping it open and providing a pathway for gas or oil to flow to the well bore. The guar derivatives hydroxypropyl guar (HPG) and carboxymethyl hydroxypropyl guar (CMG) are used in fracturing fluids (CMHPG). Further, guar gum thickens dye solutions used in textile and carpet printing, making it possible to create prints with sharper details. Moreover, the growing demand for dairy products is also estimated to drive the growth of the market. Owing to its ability to bind water, guar gum plays a significant role in stabilizing ice cream. Since HTST methods need hydrocolloids that could fully hydrate in a short processing time, its application in these processes is particularly advantageous.


India Guar Gum Market
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India Guar Gum Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR for Revenue

7.72%

Base Year Market Size in Revenue (2022)

USD 53.27 Million

Forecast Year Market Size in Revenue (2033)

USD 118.72 Million

Regional Scope

India

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India Guar Gum Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Prevalence of Obesity Among People - India has a 40.3% obesity prevalence rate. South had the most zonal variance at 46.51%, and east had the lowest variation at 32.96%. Obesity rates were greater in urban than rural areas (44.17% vs. 36.08%), among women than men (41.88% vs. 38.67%), and among people over 40 than those under 40 (45.81% vs. 34.58%). Hence the demand for guar gum is estimated to increase. Guar gum may help with appetite suppression and weight loss, according to certain research. Fiber typically passes through the body undigested and may work to increase feelings of fullness while decreasing appetite. Further, people have become more health conscious and hence the preference is growing among them. Also, guar gum has no toxic chemical composition which is why they are more in demand among health-conscious people.

  • Rising Production of Paper and Pulp - The output of paper in India has increased significantly throughout the years, rising from about 19 million tonnes in 2017–2018 to approximately 24 million tonnes in 2019–2020.

  • Surge in Export of Processed Food from India - The Directorate General of Commercial Intelligence and Statistics (DGCI&S) recently released preliminary data showing that the total export of agricultural and processed food products doubled to USD 9598 million in April–July 2022 from USD 7397 million during the same period of the previous fiscal. In the first four months of the current Financial Year 2022-23 (April-July), as compared to the same period of FY 2021-22, exports of agricultural and processed food products increased by 30%.

  • Increase in Adoption of Dairy Products - In India, more than 200 million metric tonnes of milk were consumed domestically as of 2022. When compared to the prior year, when the consumption amount was approximately 198 million metric tonnes, this represented an increase.

  • Upsurge in Production of Gaur Gum - Across the world, India produces 80% of the guar, with Rajasthan providing 72% of the total.

Challenges

  • Availability of Substitute - There are various substitutes available for guar gum in the market. Most commonly used as a thickener, stabilizer, or dispersant are carboxymethylcellulose and carboxymethyl-hydroxyethyl cellulose-based gum, starch, clear star, cassia Tora, and synthetic polymers. Other notable substitutes or alternatives to guar gum include locust bean gum, xanthan gum, which is used in a wide range of fresh and frozen baked goods and beverages, dips, dressings, soup mixes, and condiments. In the textile industry, tamarind kernel powder has considerably replaced guar gum, and in pet food and textiles, cassia tora is doing the same.
  • Raw Material Shortage
  • Volatility in Prices of Guar


India Guar Gum Segmentation

Form (Solution/Liquid Gaur Gum, Gaur Gum Powder)

The India guar gum market is segmented and analyzed for demand and supply by form into solution/liquid guar gum and guar gum powder. Out of which, the solution/liquid guar gum segment is anticipated to grow at a highest CAGR of 8.03% over the forecast period. The growth of the segment can be attributed to growing preference of people for health centric beverage products owing to rise in health-conscious people. Consumers who are concerned about their health are predicted to increase from about 107 million in 2020 to approximately 175 million in 2026. Substantial increase would be seen across categories including healthy snacking, with alternatives such as biscuits, fruit snacks, snack bars, and trail mixes leading expansion, following by nutritious dairy products. Additionally, guar gum's resistance to breakdown under the low pH conditions found in beverages is a key characteristic. Guar gum is simple to utilize in beverage processing facilities since it is soluble in cold water. It extends the beverage's shelf life.

Grade (Food Grade, Industrial Grade, Pharmaceutical Grade)

The India guar gum market is also segmented and analyzed for demand and supply by grade into food grade, industrial grade and pharmaceutical grade. Amongst which, the food grade is anticipated to garner the highest revenue of USD 56.04 Million by the end of 2033, up from a revenue of USD 24.66 Million in the year 2022. Further, the segment is estimated to grow at a CAGR of 7.91% over the forecast period, backed by increasing demand for low-cost natural food additives as food manufacturers seek a less expensive and healthier alternative to chemically laden additives. Hence, food grade guar gum powder, an organic powder with a variety of particle sizes and viscosities, is used in the food industry as a thickener, emulsifier, and stabilizer for numerous food items. Noodles, sauces and dressings, pet food, soups, pastry ices, meat, drinks, processed cheese, dairy/ice cream products, and bakery items are just a few of the products that contain food grade guar gum for emulsification, thickening, gelling, and stabilization

Our in-depth analysis of the global market includes the following segments:

               By Grade

  • Food Grade
  • Industrial Grade
  • Pharmaceutical Grade

               By Form

  • Solution/Liquid Guar Gum
  • Guar Gum Powder

              By Function

  • Thickening
  • Gelling Agent
  • Binding
  • Emulsification
  • Friction Reducer
  • Stabilizer
  • Others

               By End-Use

  • Oil & Gas
    • Oil Well Drilling
    • Fracturing
  • Food & Beverages
    • Bakery & Confectionery Products
    • Dairy & Frozen Products
    • Sauces & Dressings
    • Others
  • Mining & Explosives
  • Paper Manufacturing
  • Pharmaceuticals & Cosmetics
  • Others

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Companies Dominating the India Guar Gum Landscape

top-features-companies
    • Nuevo Polymers Pvt. Ltd.,
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
    • Hindustan Gum & Chemicals Limited (Hichem),
    • Vikas WSP Limited, Sunita Hydrocolloids Pvt. Ltd.,
    • Vasundhara Gums and Chemicals,
    • Lotus Gums & Chemicals,
    • Rama Gum Industries Limited,
    • Dabur India Limited,
    • India Glycols Limited,
    • Neelkanth Polymers,
    • Premcem Gums Pvt. Ltd.,
    • Jai Bharat Gum & Chemicals Ltd
    • Chimique India Ltd

In-the-news

In The News

  • Rama Gum Industries Limited, is manufacturing Ricol Guar Gum, a mosquito coils made with at least two different components, such as reinforcement, filler, binder, etc. While working together and showing an interface, these components do not combine or disappear into one another. Sawdust and coconut shell powder are the major fillers in mosquito coils, which are extruded with binders to create sheets from which coils are punched out.

  • The world's largest science-based Ayurveda company, Dabur India Limited, recently announced the launch of two ground-breaking products: Premium Sugar-Free Health Restorative Ratnaprash Sugar-Free & Ayurvedic Digestive Tonic Aampachak kadha, at the 9th World Ayurveda Congress & International AROGYA EXPO Goa.


Author Credits:  Anil Kumar, Ipsheeta Dash


  • Report ID: 4710
  • Published Date: Feb 22, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factor estimated to boost the growth of the market are growing prevalence of obesity among people, rising production of paper & pulp, surge in export of processed from India, and others.

The market is anticipated to attain a CAGR of 7.72% over the forecast period, i.e., 2023-2033

Volatility in prices of guar gum, availability of substitutes, and raw material storage are estimated to be the growth hindering factors for the market expansion.

The major players in the market are Nuevo Polymers Pvt. Ltd., Hindustan Gum & Chemicals Limited (Hichem), and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company

The market is segmented by grade, form, function, and by end-use.

The solution/liquid guar gum segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
India Guar Gum Market Report Scope
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